PMI secures full buyout with L&G, Dr. Martens scheme and PIC complete buy-in, M&G sees 65% increase in BPA market
Full buy-in transaction secures the benefits of all 160 scheme members
Insurer said the drop was due to a ‘lack of large deals’ but expects ‘increased market opportunity’ in 2026
Deal secures benefits of 175 pensioners and 269 deferred members
Deal secures benefits of 22 pensioners and eight deferred members
Risk reduction transaction secures the benefits of 510 scheme members
Transaction means benefits of all scheme members are now insured
Transaction secures the benefits of all remaining uninsured scheme members
BPA transaction secures the benefits of 15 pensions and 15 deferred members
Calls for changes to pension IHT plans, M&G ‘on track’ to launch with-profits BPA, all children to be taught financial literacy